Oppenheimer raised the firm’s price target on Kymera Therapeutics (KYMR) to $63 from $53 and keeps an Outperform rating on the shares as STAT-6 targeting KT-621 moves into Phase 2 studies in Q4 2025. The firm continues to anticipate results from Kymera’s ongoing Phase 1b BroADen study of ‘621 in AD patients during Q4 as well. The anticipated clinical phase transition drives an increase in its estimated PoA to 33% from 25%, with this program being a key value driver to the Kymera story, in Oppenheimer’s view.
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